Informatica boasts record 2007 revenues

Feb 5, 2008

Informatica, the world’s leading provider of data integration software, has announced record revenues for its fourth quarter and year-end 2007 of $113,9-million, up 24% from the $91,8-million recorded in the fourth quarter of 2006.

Licence revenues for the fourth quarter were $54,9-million, up 28% from the $42,9-million recorded in the fourth quarter of 2006. Net income for the fourth quarter was $20,6-million or $0.21 per diluted share, up 40% from net income of $13,9-million or $0.15 per diluted share in the fourth quarter of 2006. For the year 2007, revenues were $391,3-million, an increase of 21% from $324,6 million recorded in 2006. Licence revenues for the year 2007 were $175,3-million, up 20% from $146,1-million for the year 2006.“2007 was the third consecutive year with annual growth of more than 20%,” says Paul van Aswegen, GM of Informatica South Africa.“Informatica’s sustained record results is further evidence of continual progress in executing on its three-pronged growth strategy, including expansion across all major geographic regions, growth of the market beyond traditional data warehousing and advancement of technology leadership through continuous innovation.” Significant milestones achieved since October 2007 include: * Repeat business with 275 customers including, Carlson Wagonlit Travel, CVS Pharmacy, Excellus Health Plan, Goodyear Tire and Rubber, Hong Kong Exchanges & Clearing, McGraw-Hill Companies, Monoprix, Qualcomm and Telemar Norte Leste; * 79 new customers signed with Informatica that increased its customer base this quarter to 2 988 companies. New customers include Bombay Stock Exchange, Dana-Farber Cancer Institute, Emirates Bank Group, Juniper Networks, Northern Trust, Philippine Airlines, Rochester Institute of Technology, Safaricom and Sierra Pacific Power Company; * Informatica announced a comprehensive release of PowerCenter 8.5, PowerExchange 8.5 and Informatica Data Quality 8.5. The new release uniquely supports realtime integration competency centres delivering timely, trusted data to meet information needs of businesses; * Godfrey Sullivan was appointed to the board of directors. Currently a director at Citrix Systems, Sullivan brings more than 25 years of software industry experience to the Informatica board; * A strategic OEM partnership with FAST Search & Transfer was announced. FAST, a leading global provider of enterprise search technologies, selected Informatica PowerCenter as the embedded data integration platform in its product portfolio for structured data access and integration; * Informatica 8.5 was recognised as Data Integration Product of the Year 2007 by SearchDataManagement. It was named best of the best for innovation, performance, ease of integration into environment, ease of use and manageability, functionality and value; * Dr Chris Boorman was appointed chief marketing officer. An accomplished marketing executive, Boorman brings to Informatica extensive international marketing experience at high-growth category-leading organisations; and * Informatica was recognised as a leader in the Intelligent Enterprise 2008 Editors' Choice Awards. It was named one of the most influential vendors in 2008 that will drive the intelligent enterprise